Monday, November 11, 2013

APTT 3QFY2013

Subscribers                                                       ARPU (TWD)
Basic Cable TV                        754K               537   
Premium Cable TV                  121K               208
Broadband                                180K               545

Revenue                          $78,614K
APTT EBITDA               $46,501K
 Nett Assets                     $1,307,833K
NAV                                91 cents
Total Borrowings            $916,867,000
Total Interest Rate Cost  4%
Gearing                            38.6%
Interest Cover                   Greater than 3
 Gross Debt/EBITDA       4.7X
Sing$ to NT (1:23.578)

Friday, November 8, 2013

CMPF 3QFY2013

Revenue                                 = HKD 486 m
Profit (attributable to shr)      = HKD 145.8m
EPS                                        = HKD 14.64 cents
NAV                                      = HKD  5.87
Interest Bearing Liabilities (curr)         = HKD 256m
Interest Bearing Liabilities (non curr)  = HKD 3,443m
Cash from Ops Activities                     = HKD 352m
Cash & Cash Equiv                              = HKD 1,533m

Wednesday, November 6, 2013

LMIR 3QFY3013

Results released on 6/11/2013.

Gross Revenue                                  = $38,956,000
NPI                                                    = $37,144,000
Distributable Amount                       = $19,136,000
EPS                                                   = 1.10 cents
DPU                                                  = 0.87 cents
Total Assets                                      = $1,512m
Total Debt                                         = $472.5m
Other Liabilities                                = $208.9m
NAV                                                  = 45 cents
Gearing                                              = 28.2%
Portfolio (Valuation)                         = $1,753.3m (31th Dec 2012)

Tuesday, November 5, 2013

SATS 2QFY13/14

Revenue                                    = $452.1m
Operating Profit                        = $46.6m
PATMI                                     = $48.7m
Underlying Profit From Ops     = $48.7m
Underlying Net Margin             = 11%
PATMI Margin                         = 10.3%
Debt-to-Equity                          = 0.09
EPS                                           = 4.3 cents
NAV                                         = $1.24
Cash & Cash Equiv                   = $394.58m
FCF                                           = $60.1m

Key costs are Staff Costs ($197.5m) and Raw Materials (96.4m)

Wednesday, October 30, 2013

SingPost 2QFY13/14

Revenue                                        = $208.8m
Underlying Net Profit                   = 37.3m
Operating Profit                            = $43.7m
Net Profit                                      = $37.3m

Mail  Revenue                             = $119.7m  (Profit $34.8m)
Logistics Revenue                       = $94.6m    (Profit $2.6m)
Retail Revenue                            = $21.3m    (Profit $1.4m)
Others                                          = $31.7m ( Profit $4.9m)

 Domestic Mail                             = $63.2m (+6.4%)
International Mail                        = $42.3m (+27.5%)
Hybrid Mail                                 = $12.9m (+15.5%)
Philatelic                                      = $1.3m   (-29.12%)

Borrowing                                  = $228.1m
EBITDA/Interest                       = 33.4X
Cash & Cash Equiv                   = $367.2m
EPS                                            = 1.674 cents
NAV                                          = 35.44 cents

Friday, October 25, 2013

FirstReit 3QFY2013

NAV                              = 90.55 cents
DPU                               = 1.96 cents
Annualized DPU            = 7.42 cents
Total Assets                   = $1,077,506,000
Total Liability                = $438,941,000
Total Borrowing            = $354,594,000
Gearing                          = 33.4%
Net Property Income      = $21,744,000
Distributable Income       = $13,847,000
Cash & Cash Equiv        = $29,842,000

StarHill Global 3QFY3013

Gross Revenue                            = $48.8m
NPI                                             = $38.0m
DPU Available For Distribution   = $27.1m
DPU                                           = 1.21 cents
Total Debt                                   = $861m
Gearing                                       = 30.6%
Interest Cover                             = 5.2
Avg Interest Rate                        = 3.02%
Unencumbered Asset Ratio        = 79%
NAV (Ajusted)                          = $0.86 cents
Total Assets                               = $2,814,367,000
Total Liabilities                          = $940,321,000
Net Assets                                 = $1,874,046,000
Free Float                                  = 55% (exclude YTL &AIA)

Note: A +2% pa on floating  interest rate will result in a -4.4% of Q3FY2013 DPU.

AscendasIndia 2QFY2013/14

DPU                                                      =  1.10 cents
Total Property Income                          =  $28.935,000
NPI                                                        = $16,419,000
Income Available For Dist                    = 1.22 cents
NAV                                                      = 57 cents
Interest Cover                                         = 4.9
Gearing                                                   = 20% (taken acct of adjusted computation Gross Borrowing  +/- derivative financial instruments assets or liabilities)
Percentage Fixed Rate Debt                   = 100%
Average Cost Of Debt                            = 5.9%
Debt Headroom (40% Gearing)              = $291m

Currently at S$1 to INR 48.9

Thursday, October 24, 2013

SuntecReit 3Q2013

DPU                                            =    2.289cts
Net Property Income                    =    $40,254,000
Income Available For Distribution =    $51,848,000

Total Assets  =   $7,897,375,000
Total Debts   =   $3,108,478,000
Net Assets     =  $4,788,897,000
EPS               =  1.514 cents (diluted)
NAV              = $2.053

Outstanding Debt     = $2,975,000,000
Debt-to-Asset Ratio = 37.2%
Interest Cover          = 4.7

Corporate Rating = "Baa2"
Average All-in Financing Cost  = 2.67%

Tuesday, October 22, 2013

CRCT 3Q2013

 Gross revenue                                                   = RMB 191,720,000
 NPI                                                                    = RMB 121,115,000
 Distributable Income                                         = $17,081,000
DPU                                                                    = 2.26 cents (SG)
Gearing                                                               = 25.8 %
Nett Debt/EBITDA                                             = 5.1
Interest Coverage                                                = 8.4
Avg Term To Maturity                                        = 2.01
Avg Cost Of Debt                                                = 2.60%
NAV                                                                     = $1.45

Monday, October 14, 2013

K-Green 3QFY2003

Revenue                                        $17,082K
Net Profits                                     $3,796K
Net Assets                                     $624,308K
Cash & Cash Equiv                       $28,453K
EPS                                                0.60 cents (FY2012 : 0.56 cents)
1H FY13                                        1.72 cents
Adjusted NAV                               $0.99

Sunday, October 13, 2013

SPH FY2013


Operating Revenue                                        = $1,239,452,000
Operating Profit                                             = $369,288,000
Fair Value Gain on Investment Properties    = $111,407,000
Investment Income                                        = $13,971,000
Net Profit Attributable to Shareholders         = $430,954,000
EPS                                                                = 27 cents (include 7 cents from Change in Fair Value)
NAV                                                              = $2.19

Operating EPS is only 20 cents for FY2013 so need to monitor this to see if there is deterioration in SPH's fundamentals. Advertisement revenues declined by $31.7m and circulation revenue declined by $7.2m. Operating expenses increased by $40.4 due to impairments and set up costs.



Wednesday, August 28, 2013

CHC Trial

I read the updates to the ongoing trial. For a start, I will reserve comment on the verdict as to let the long arms of the law take its natural course. Whether the accused six are guilty or not is for the law to decide and not individuals like me despite our preferences, inclinations whatever.

However, one point is quite clear to me. The justification from the church for spending all these monies is for the crossover project to reach out to more secular people out there.I think it has gotten the opposite effect. Due to the trial, perceived excesses and the people's perception of the 'china wine' video, my personal opinion is that the secular world is going to be even more sceptical and difficult to reach after this episode.

I am not vested in CHC or anything related.

Tuesday, August 13, 2013

CitySpring Q1FY14

Cash Earnings                                   = $16m
(City Gas = $13.1m, SingSpring= $3.5m, Basslink = A$1.4m)
Net Loss After Income tax                = $1,525,000
City Gas (Customers)                        = 673,320
Net Assets                                          = $358,524,000
Borrowings                                        = $1,244,082,000
Cash & Cash Equiv                            = $157,105,000
DPU                                                    = 0.82 cents

Monday, August 12, 2013

Asia Pay TV Trust 2QFY2013

Subscribers                                                       ARPU (TWD)
Basic Cable TV                       753K                538    
Premium Cable TV                  118K               209
Broadband                                179K               547

Revenue                          $122,681,000
Distributable  FCF          $53,076,000
Nett Assets                      $1,354,810,000
NAV                                94 cents
Total Borrowings            $915,830,000
Total Interest Rate Cost  4%
Gross Debt/EBITDA       4.8X
DPS                                  4.8 cents (1H FY2013)

Remarks: currently, the bulk of the assets is intangible assets which refer to cable TV licenses. APTT management classify them as having indefinite value lives thus no amortisation charge made against the carrying value. I personally do not agree to this approach as it is too optimistic.

Wednesday, August 7, 2013

China Merchant Pacific 2QFY2013

Revenue                                                   = HK$479,763,000
PAT (shr)                                                 = HK$175,738,000
Total Assets                                             = HK$13,455,542,000
Total Current Liabilities                          = HK$1,708,451,000
Total Non-Current Liabilities                  =HK$4,379,869,000
Interest Bearing Liabilities (current)        = $271,167,000
Interest Bearing Liabilities (non-current) = $3,680,901,000
Net Assets                                                 = HK$7,367,222,000
Net Asset Value                                        = HK$5.64 (Assume RCPS Conversion)
EPS                                                           = 17.42 HK cents
Cash Flow from Ops                                = HK$411,477,000
Cash & Cash Equiv                                  = HK$1,603,352,000
Convertible Bonds                                    = HK$1,163,000,000 (convert price 0.84 HK cents & about 30% of issue shr capital)

Tuesday, August 6, 2013

Wilmar 2QFY2013

Revenue                                       = $10,426m
EBITDA                                       = $427m
Nett Profit                                     = $219m
EPS                                               = 3.4 cents ($US)
ROE                                              = 9.8%
ROA                                              = 3.4%
Return On Invested Capital           = 5.8%
Return on Avg Capital Employed = 5.6%

NTA                                  = 157.9 cents (US cents)
NAV                                 = 227.0 cents (US cents)

Interest Coverage              = 15.4
Nett Debt/EBITDA           = 5.0
Nett Debt/Equity               = 0.86
Adjusted Debt/Equity        =0.40

SembCorp 2QFY2013

Revenue                       = $2,499M
Net Profit                     = $165M
EPS                             =  9.3 cents

Profit From Operations
Utilities                         = $170.5M
Marine                          = $155.4M
Urban Dev                    = ( $4.4M)
Other Businesses          = $4.4M
Corporate                    = (28.11.0M)
Total                            = $297.8M

1HFY2013 Financial Indicators
NAV                            = 2.54
Interest Cover               = 10
ROE                             = 14.6%
Gearing Ratio                = 0.10
Free Cash Flow            = $828M

Monday, August 5, 2013

CDL Q2FY2013

Revenue                                      = $802m
PATMI                                       = $204m
EPS                                             = 21.7 cents
NAV                                           = $8.30 (1HFY2013)
Net Borrowings                          = $2087m
Interest Cover                             = 15X
Cash & Cash Equiv                    = $2518m
Gearing                                       = 22%

Segment                             Revenue                                  Profit/Loss
Property Development       $303,236,000                          $61,645,000
Hotel Ops                           $391,897,000                          $54,769,000
Rental Properties                $77,420,000                            $160,330,000
Others                                 $29,057,000                            ($3,774,000)

Big bulk of the profit came from the sale of an industrial site at 100G Pasir Panjang. Investment properties are stated at cost less accumulated depreciation and accumulated impairment.

Friday, August 2, 2013

SingPost 1QFY13/14

Revenue                                        = $201.3m
Underlying Net Profit                   = 36.6m
Operating Profit                            = $48.7m
Net Profit                                      = $38.1m

Mail  Revenue                             = $114.7m  (Profit $36.8m)
Logistics Revenue                       = $93.8m    (Profit $3.3m)
Retail Revenue                            = $20.8m    (Profit $2.8m)
Others                                          = ($27.8m) (Profit $5.6m)

Domestic Mail                             = $62.5m (+3.1%)
International Mail                        = $40.6m (+25.0%)
Hybrid Mail                                 = $10.8m (+57.8%)
Philatelic                                      = $0.7m   (-19.2%)

Borrowing                                  = $227.6m
EBITDA/Interest                       = 32.1X
Cash & Cash Equiv                   = $383.1m
EPS                                            = 1.768 cents
NAV                                          = 35.17 cents

Thursday, August 1, 2013

LMIR 2QFY2013

Results released on 1/8/2013.

Gross Revenue                                  = $40,070,000
NPI                                                    = $37,859,000
Distributable Amount                       = $20,462,000
EPS                                                   = 1.02 cents
DPU                                                  = 0.93 cents
Total Assets                                      = $1,950m
Total Debt                                         = $472.5m
Other Liabilities                                = $231.9m
NAV                                                  = 56.7 cents
Gearing                                              = 24.2%
Portfolio (Valuation)                         = $1,753.3m (31th Dec 2012)

Wednesday, July 31, 2013

DBS 2QFY2013

Net Interest Income                                  = 1,382m
Net Fee & Comms Income                       = 477m
Other Non-Fee Income                             = 450m
Net Profit                                                  = $887m
DPS                                                           = 28 cents (1H)

NIM                                                           = 1.62
Non-Interest/Total Income                        = 40.1
Cost/Income Ratio                                     = 42.7
ROA                                                           = 0.94
ROE                                                           = 10.9
Loan/Deposit Ratio                                    = 89.8
NPL                                                            = 1.2
EPS (diluted)                                              = 1.44
Net Book Value                                          = 13.12
SP/Avg Loan                                              = 22
Tier 1 Capital Adequacy Ratio                   = 12.9
Total Capital Adequacy Ratio                    = 15.5

I am curious why the Net Book Value in 2QFY3013 is less than 1QFY2013 ($13.25)????Also, I see a limit to Loan/Deposit Ratio stretching now to almost 90%. Increase in net profit come basically from the more volatile Non-Interest Income segment.

Tuesday, July 30, 2013

SBS & SMRT

I divested out of SBS and SMRT early this year as I am not convinced that the deteriorating fundamentals can be arrested and improved upon over time.The fact that both companies are currently being run by ex-SAF personnel is also a major source of concern as they lack the business acumen and sensitivity to minority shareholders interests.Operating in a climate where raising fare is politically sensitive and with foreign drivers clamouring for equal treatment with local drivers, I do not think operating margin can improve but will definitely deteriorate. I also see no sign that management is willing to share the pain with minority shareholders in instituting pay reform at management levels.Looking at the current set of results from SMRT, I feel vindicated in my decision to get out early this year. I am a buy and hold investor but will divest when business fundamentals no longer warrant holding the stocks.
I incurred a small loss on both stocks on my divestment without including the dividends. With dividends, I would probably have a made a small profit.

Friday, July 26, 2013

FirstReit 2QFY2013

Results for Q2FY2013 released on 26/7/2013

NAV (as at 30/6/2013)  = 89.65 cents
DPU                               = 0.86 cents (22/5/2013 to 30/6/2013)
Annualized DPU            = 7.24 cents
Total Assets                   = $1,070,869,000
Total Liability                = $439,653,000
Total Borrowing            = $357,800,000
Gearing                          = 33.4%
Net Property Income      = $19,696,000
Distributable Income       = $12,700,000
Cash & Cash Equiv        = $22,103,000

Thursday, July 25, 2013

SATS 1QFY13/14


Revenue                                    = $434.5m
Operating Profit                        = $40.7m
PATMI                                     = $46.3m
Underlying Profit From Ops     = $47.9M
Underlying Net Margin             = 11%
PATMI Margin                         = 10.6%
Debt-to-Equity                          = 0.09
EPS                                           = 4.1 cents
NAV                                         = $1.31
Cash & Cash Equiv                   = $490.7m
FCF                                           = $59m

Key costs are Staff Costs ($198m) and Raw Materials (87.8m)

Tuesday, July 23, 2013

StarHillGlobalReit 2QFY2013

Gross Revenue                            = $49.1m
NPI                                             = $39.1m
DPU Available For Distribution   = $26.7m
DPU                                           = 1.19 cents
Total Debt                                   = $858m
Gearing                                       = 30.3%
Interest Cover                             = 5.3
Avg Interest Rate                        = 3.03%
Unencumbered Asset Ratio        = 79%
NAV (Ajusted)                          = 0.88 cents
Total Assets                               = $2,835,822,000
Total Liabilities                          = $946,911,000
Net Assets                                 = $1,888,831,000
Free Float                                  = 61% (exclude YTL &AIA)

Monday, July 22, 2013

AscendasIndiaTrust 1QFY13/14

DPU                                                      =  1.14 cents
Total Property Income                          =  $31,250,000
NPI                                                        = $18,314,000
Income Available For Dist                    = 1.14 cents
NAV                                                      = 0.60 cents
Interest Cover                                         = 5.2
Gearing                                                   = 24%
Percentage Fixed Rate Debt                    = 100%
Average Cost Of Debt                             = 5.9%
Debt Headroom (40% Gearing)               = $200m

Currently at S$1 to INR 44.5

Friday, July 19, 2013

SuntecReit 2QFY2013

DPU                                            =    2.249cts
Net Property Income                    =    $27.956,000
Income Available For Distribution =    $50,857,000

Total Assets  =   $7,854,213,000
Total Debts   =   $3,058,838,000
Net Assets     =  $4,795,375,000
EPS               = 2.441 cents (diluted)
NAV              = $2.06
Ajusted NAV = $2.037

Outstanding Debt     = $2,905,000,000
Debt-to-Asset Ratio = 36.5%
Interest Cover          = 3.4

Corporate Rating = "Baa2"
Average All-in Financing Cost  = 2.68%

Monday, July 15, 2013

SPH 3QFY13

Operating Revenue                           $324,951K
Newspaper & Mag Revenue            $259,271K
Property Revenue                             $50,160K
Others Revenue                                $15,520K
Net Profit After Tax                         $189,790K
Operating Profits                              $91,535K
Total Assets                                     $5,528,903,000
Total Liabilities                               $1,698,003,000
Net Assets                                        $3,830,901,000
CAsh Equiv at End Of Period          $348,582,000
EPS                                                  12cents
NAV                                                 $2.33

PS:Advertising revenue fall by $8.8m (4.3%) to $197.8m. Circulation revenue contracted by $1.2m (2.3%) to $50.7m. other operating expenses rose to $24.4m (79.2%) mainly due to impairment of overseas magazine subsidiary of $15.6m.Change of accounting policy in investment property resulted in fair value gain of $111.4m this quarter.

K-Green 2QFY13

Revenue                                        $16,767K
Net Profits                                     $3,857K
Net Assets                                     $640,224K
Cash & Cash Equiv                       $34,663K
EPS                                                0.61 cents (FY2012 : 0.69 cents)
1H FY13                                        1.12 cents
Adjusted NAV                               $0.99
DPS                                                3.13 cents

Thursday, June 20, 2013

HAZE!!!!!!

The PSI over the last few days had exceeded 400!!!! This is at a hazardous level unseen before in our history. I was much more interested in the PSI level rather than the 350 points DOW crash yesterday. It is much worse than in 1997. The current condition will remain unabated till weeks and months. This is a fifteen year old problem and I am disappointed that we are so ill-prepared for. Do not want to lay blame but hope singaporeans stay chin up and fight till a better day to come.

I hope we will learn our lesson this time albeit via the VERY PAINFUL WAY.

Wednesday, May 8, 2013

SembCorp 1QFY2013

Revenue                       = $2,350M
Net Profit                     = $177M
EPS                             =  9.9 cents

Profit From Operations
Utilities                         = $145M
Marine                         = $148.5M
Urban Dev                   = $7.3M
Other Businesses          = $13.5M
Corporate                    = ($1.0M)
Total                            = $313.3M

NAV                            = 2.62
Interest Cover               = 10
ROE                             = 14.6%
Gearing Ratio                = 0.07
Free Cash Flow            = $353M

Tuesday, May 7, 2013

Wilmar 1QFY2013


ROE                                          = 9.1%
ROA                                          = 3.2%
Return On Invested Capital         = 5.9%
Return on Avg Capital Employed = 5.5%

EPS                                   = 4.9 cents (US cents)
NTA                                  = 160.1 cents (US cents)
NAV                                 = 229.8 cents (US cents)

Interest Coverage              = 23.6
Nett Debt/EBITDA           = 4.9
Nett Debt/Equity               = 0.8X
Adjusted Debt/Equity        =0.35X

Sunday, May 5, 2013

SingPost 4QFY201213

Revenue                                        = $182.5M
Underlying Net Profit                    = 26.8M
Operating Profit                            = $40.8M
Net Profit                                      = $30.6M

Mail  Revenue                             = $115.7M (Profit $34.0M)
Logistics Revenue                       = $75.9M (Profit $0.9M)
Retail Revenue                            = $18.2M (Profit $1.6M)
Others                                          = (Loss $4.275M )

Net Debt                                    = 0.8X
EBITDA/Interest                       = 17.2
Cash & Cash Equiv                   = $617.4M
EPS                                           = 1.183 cents
NAV                                         = 35.29 cents

Thursday, May 2, 2013

LMIR 1QFY2013

Results released on 2/5/2013.

Gross Revenue                                  = $39,371K
NPI                                                    =$37,260K
Distributable Amount                        = $19,619K
EPS                                                   = 0.86 cents
DPU                                                   = 0.89 cents
Total Assets                                       =$1,945,600K
Total Liabilities                                 =$704,900K
NAV                                                   = 56.54 cents
Gearing                                              = 24.3%

Saturday, April 27, 2013

SuntecReit 1QFY2013

DPU                                            =    2.228cts
Net Property Income                    =    $30,679,000
Income Available For Distribution =    $50,270,000

Total Assets  =   $7,878,000,000
Total Debts   =   $3,112,000,000
Net Assets     =  $4,644,000,000
EPS               = 1.416 cents (non-diluted)
NAV              = $2.058
Ajusted NAV = $2.035

Outstanding Debt     = $2,890,000,000
Debt-to-Asset Ratio = 36.1%
Interest Cover          = 3.5

Corporate Rating = "Baa2"
Average All-in Financing Cost  = 2.79%

AscendasIndiaTrust 4QFY2012/2013

DPU                                                      =  1.04 cents
Total Property Income                            =  $30,628,000
NPI                                                        = $16,687,000
Income Available For Dist                       = 1.15 cents
NAV                                                       = 0.67 cents
Interest Cover                                          = 4.2
Gearing                                                    = 22%
Percentage Fixed Rate Debt                     = 100%
Average Cost Of Debt                              = 6.0%
Debt Headroom (40% Gearing)                = $235m

Currently at S$1 to INR 43.9

StarHill Global 1QFY2013

Gross Revenue                            = $53.6m
NPI                                            = $41.9m
DPU Available For Distribution   = $29.8m
DPU                                           = 1.39 cents (inclusive of Toshin arrears)
Total Debt                                   = $872m
Gearing                                       = 30.5%
Interest Cover                             = 5.8
Avg Interest Rate                        = 3.08%
Unencumbered Asset Ratio        = 42%
NAV (Ajusted)                          = 0.96cents (0.87 cents assume full CPU conversion)
Total Assets                               = $2,857,654,000
Total Liabilities                          = $959,857,000
Net Assets                                 = $1,897,797,000
Free Float                                  = 61% (exclude YTL &AIA)

China Merchant Pacific Q1FY2013


Revenue                                = HK$436,355,000
PAT (shr)                              = HK$128,429,000
Total Assets                          = HK$14,307,980,000
Total Current Liabilities          = HK$2,829,078,000
Total Non-Current Liabilities  =HK$4,180,720,000
Net Assets                            = HK$7,298,182,000
Net Asset Value                    = HK$5.5 (Assume RCPS Conversion)
EPS                                       = 16.29 HK cents
Repayment of Bank Loans     = HK$466,913,000
Cash Flow from Ops             = HK$321,735,000
Cash & Cash Equiv               = HK$2,236,449,000
Convertible Bonds                 = HK$1,163,000,000 (convert price 0.84 HK cents & about 30% of issue shr capital)

Tuesday, April 23, 2013

FirstReit 1QFY2013

Results for Q1FY2013 released on 23/4/2013

NAV (as at 31th 2012)  = 83.60 cents
DPU (Q4FY2011)         = 1.74 cents
Annualized DPU            = 7.06 cents
Total Assets                   = $833,615,000
Total Liability                = $278,753,000
Total Borrowing            = $276,684,000
Net Property Income      = $17,115,000
Distributable Income       = $11,605,000
Cash & Cash Equiv        = $26,681,000

Sunday, April 21, 2013

Thursday, April 18, 2013

Keppel Corp 1QFY2013

Revenue                                        = $2,758,735,000
Profit After Tax (shareholders)    = $356,984,000
EPS                                               = 18.4 cents
Annualized Return On Equity        = 13.9%
Economic Value Added                = $191m
Cash Outflow                                = $732m
Net Gearing                                   = 0.26x
NTA                                              = $5.27

PAT (Marine)                                = $207,784m
PAT (Infra)                                    = $54,521m
PAT (Property)                              = $79,753m
PAT (Oehers)                                 = $14,926m

Monday, April 15, 2013

K-Green Q1FY2013

Revenue                                         $17,000K
Net Profits                                     $3,202K
Net Assets                                     $636,367K
Cash & Cash Equiv                       $21,870K
EPS                                               0.51 cents (FY2012 : 0.56 cents)
Adjusted NAV                               $1.01

Sunday, April 14, 2013

SPH 2QFY2013

Operating Revenue                           $285,451K
Newspaper & Mag Revenue            $224,433K
Property Revenue                             $50,170K
Others Revenue                                $7,580K
Net Profit After Tax                         $71,575K
Total Assets                                     $3,938,226,000
Total Liabilities                               $1,685,147,000
Net Assets                                        $2,253,079,000
CAsh Equiv at End Of Period           $403,437,000
EPS                                                  4cents
NAV                                                 $1.35

PS:Advertising revenue fall by $13.9m (7.6%) to $168.5m. Circulation revenue contracted by $2.4m (4.9%) to $47.3m.

Tuesday, February 26, 2013

Sembcorp Q4FY2012

Revenue                       = $2,815M
Net Profit                     = $205M
EPS                             =  11.5 cents

Profit From Operations
Utilities                         = $153.5M
Marine                         = $158.6M
Urban Dev                   = $20.9M
Other Businesses          = $1.8M
Corporate                    = ($0.9M)
Total                            = $333.9M

NAV                            = 2.52
Interest Cover               = 10
ROE                             = 17.5%
Gearing Ratio                = 0.07
Free Cash Flow            = $689M (FY2012)